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Covalis Capital Portfolio holdings

AUM $1.63B
1-Year Est. Return 27.84%
This Fund
S&P 500
This Quarter Est. Return
-24.07%
1 Year Est. Return
+27.84%
3 Year Est. Return
+31.31%
5 Year Est. Return
+22.79%
10 Year Est. Return
–
AUM
$217M
AUM Growth
-$34.9M
Cap. Flow
+$24.6M
Cap. Flow %
11.3%
Top 10 Hldgs %
97.65%
Holding
22
New
12
Increased
1
Reduced
–
Closed
9

Top Buys

Rank Stock Value
1
PPL
PPL Corp
PPL
+$49M
2
TGE
Tallgrass Energy, LP Class A Shares
TGE
+$44.5M
3
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$42.3M
4
FE icon
FirstEnergy
FE
+$23.8M
5
ACM icon
Aecom
ACM
+$13.9M

Top Sells

Rank Stock Value
1
EXC icon
Exelon
EXC
+$89.7M
2
AGR
Avangrid, Inc.
AGR
+$41.7M
3
CNP icon
CenterPoint Energy
CNP
+$21.9M
4
CQP icon
Cheniere Energy
CQP
+$8.2M
5
COP icon
ConocoPhillips
COP
+$7.02M

Sector Composition

Rank Sector Weight
1 Energy 43.96%
2 Utilities 30.26%
3 Industrials 4.45%
4 Materials 4.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TGE
1
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$88.1M 40.53%
5,355,235
+2,174,834
+68% +$44.5M
PPL
2
PPL Corp
PPL
$27B
$37.5M 17.25%
+1,520,157
New +$49M
XLU icon
3
State Street Utilities Select Sector SPDR ETF
XLU
$23.5B
$36.6M 16.84%
+1,322,214
New +$42.3M
FE icon
4
FirstEnergy
FE
$28.1B
$20.6M 9.45%
+513,130
New +$23.8M
ACM icon
5
Aecom
ACM
$8.78B
$9.69M 4.45%
+324,585
New +$13.9M
B
6
Barrick Mining
B
$58.5B
$6.09M 2.8%
+332,533
New +$6.23M
ENIA
7
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
$4.32M 1.98%
+712,282
New +$6.4M
CIG icon
8
CEMIG Preferred Shares
CIG
$6.12B
$3.42M 1.57%
+3,946,400
New +$6.08M
CTRA
9
DELISTED
Coterra Energy
CTRA
$3.3M 1.52%
+192,043
New +$3.04M
NEM icon
10
Newmont
NEM
$95.8B
$2.7M 1.24%
+59,694
New +$2.69M
XOM icon
11
ExxonMobil
XOM
$611B
$2.56M 1.18%
+67,383
New +$3.72M
RDS.B
12
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
$1.61M 0.74%
+49,228
New +$2.31M
ENBL
13
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$948K 0.44%
+368,525
New +$2.66M
CNP icon
14
CenterPoint Energy
CNP
$28.2B
– –
-802,312
Closed -$21.9M
COP icon
15
ConocoPhillips
COP
$140B
– –
-107,945
Closed -$7.02M
CQP icon
16
Cheniere Energy
CQP
$30.2B
– –
-206,082
Closed -$8.2M
EEM icon
17
iShares MSCI Emerging Markets ETF
EEM
$28B
– –
-103,979
Closed -$4.67M
EXC icon
18
Exelon
EXC
$47.3B
– –
-2,757,827
Closed -$89.7M
SPY icon
19
State Street SPDR S&P 500 ETF Trust
SPY
$774B
– –
-16,185
Closed -$5.21M
TECK icon
20
Teck Resources
TECK
$27B
– –
-91,855
Closed -$1.6M
XME icon
21
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
– –
-69,468
Closed -$2.03M
AGR
22
DELISTED
Avangrid, Inc.
AGR
– –
-815,881
Closed -$41.7M

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GIP
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SFG
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PRA
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KCM
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SC
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WIC
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SWA
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Covalis Capital's Q1 2020 Portfolio in Review

As of Q1 2020, Covalis Capital held 22 positions worth $217M, down 14% from $252M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Covalis Capital deployed $24.6M of net new capital in Q1 2020, opening 12 new positions and adding to 1 existing holding. Its largest new stake was PPL Corp: 1,520,157 shares worth $37.5M.

By sector, the portfolio is most concentrated in Energy at 44% of assets, up from 34% a quarter earlier, followed by Utilities and Industrials.

On the sell side, the most notable exit was Exelon, an estimated $89.7M sold.

  • Covalis Capital's largest Q1 2020 buy was PPL Corp: 1,520,157 shares worth $37.5M.
  • Covalis Capital added most to Tallgrass Energy, LP Class A Shares in Q1 2020, an estimated $44.5M increase.
  • Covalis Capital fully exited Exelon in Q1 2020, selling an estimated $89.7M.
  • Covalis Capital's ten largest holdings make up 98% of its $217M portfolio in Q1 2020.
  • Covalis Capital opened 12 new positions and closed 9 in Q1 2020.
  • Covalis Capital's portfolio value fell 14% quarter-over-quarter to $217M.

Based on Covalis Capital's 13F filing for Q1 2020, filed 15 May 2020.